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California voters in Tuesday’s election approved Propositions 1 and 2, CAA-supported bond measures that together are expected to raise $6 billion, add much-needed affordable housing and help address the state’s homelessness crisis.
With 100 percent of precincts reporting, Proposition 1 had garnered 54.1 percent of the vote, while Proposition 2 had secured 61.1 percent.
Proposition 1 will authorize $4 billion in general obligation bonds for housing-related programs, loans, grants and projects, as well as housing loans for veterans.
Tagged: Affordable housingElections
Proposition 10, the statewide ballot measure that would repeal the Costa-Hawkins Rental Housing Act, was trailing by a growing margin in a poll released this week by the Public Policy Institute of California.
The PPIC poll shows that 60 percent of likely voters would vote no on Prop 10, while 25 percent would vote yes, and 15 percent are undecided.
If Costa-Hawkins is overturned in the November election, California cities and counties will once again gain the authority to adopt extreme forms of rent control, including the imposition of rent caps on new apartments and single-family homes. Such moves would… Read More
An initiative to bring rent control to the city of Sacramento has qualified for the March 2020, however, a legal challenge could prevent the measure from ever appearing before voters.
Last week, Sacramento election officials announced that rent control proponents had submitted the 36,817 valid voter signatures required to qualify the measure for the next general election.
Tagged: News Sacramento Valley
The number of newspapers urging readers to reject Proposition 10 and preserve the Costa-Hawkins Rental Housing Act continues to grow.
In recent days, more than 15 newspapers took stances against Prop 10, which would bring extreme forms of rent control back to California.
These newspapers include the Fresno Bee, Modesto Bee, Bakersfield Californian, San Francisco Business Times, Santa Rosa Press-Democrat, Palo Alto Daily Post, and La Opinión, the nation’s largest Spanish-language newspaper. Also joining the chorus against Prop 10 is the 11-newspaper Southern California Newspaper Group, which includes the Los Angeles Daily News, Orange County Register and the Riverside Press-Enterprise.… Read More
A UC Berkeley economist Tuesday released his third in a series of papers on why California should keep the Costa-Hawkins Rental Housing Act.
The new paper, “The Case for Preserving Costa-Hawkins: The Potential Impacts of Rent Control on Single Family Homes,” was authored by Kenneth T. Rosen, chairman of UC Berkeley’s Fisher Center and chairman and founder of Rosen Consulting Group.
If California voters approve Proposition 10 and overturn Costa-Hawkins in the Nov. 6 election, cities and counties will be authorized to impose rent control on single-family homes.
According to Rosen’s latest paper, single-family rent control would decrease property values… Read More
If the election were held today, a measure to repeal the Costa-Hawkins Rental Housing Act would likely go down in defeat, a statewide poll released this week indicates.
The poll, conducted by the Public Policy Institute of California, gauged voter sentiments on Proposition 10 and other ballot measures.
“Proposition 10, the local rent control initiative, trails by a 12 point margin,” Mark Baldassare, president and chief executive officer the institute, said in a news release about the poll. “The yes votes are falling below a majority among both homeowners and renters.”
Among likely voters, 48 percent would vote no on… Read More
The passage of Proposition 10 could invite radical activists to circumvent elected leaders and pursue extreme rent control measures through the initiative process.
That’s the takeaway from a news release issued this week by the No on Prop 10 campaign.
Proponents of Prop 10, a measure on the Nov. 6 statewide ballot that would repeal the Costa-Hawkins Rental Housing Act, argue the measure would simply give city and county officials more freedom to pass rent control policies.
In reality, it would transfer power to local activists seeking to restrict new development, even if it hurts tenants and homeowners, say local… Read More
Tagged: Costa-HawkinsProposition 10
In a study released this week, a UC Berkeley economist warns that repealing the Costa-Hawkins Rental Housing Act would worsen the state’s housing shortage.
The paper, authored by Kenneth T. Rosen and available here, focuses on the potential impacts of Proposition 10, a Nov. 6 ballot measure that would overturn 1995’s Costa-Hawkins Act.
Without Costa-Hawkins, California cities and counties could once again adopt extreme forms of rent control, including the imposition of rent caps on new apartments and single-family homes. Such moves would create a major disincentive for the development of much needed housing.
“The last thing California needs is… Read More
A bipartisan coalition of political leaders from across California has urged voters to reject a ballot measure that would repeal the Costa-Hawkins Rental Housing Act and return radical forms of rent control to the state.
The coalition, including officials from the city, county and state levels, says Proposition 10 would hurt local budgets while underming efforts to tackle California’s affordable housing crisis, the No on Prop 10 campaign said in a news release.
If voters approve Prop 10 in the Nov. 6 election, cities will be authorized to apply rent control to single-family homes and new multifamily housing. They’ll also… Read More
Tagged: Costa-HawkinsNews
Affordable housing advocates have joined a growing list of opponents to a measure that would overturn the Costa-Hawkins Rental Housing Act.
The California Council for Affordable Housing and the California Housing Consortium are now part of a growing list of opponents to Proposition 10, the ballot measure going before voters in November that would repeal Costa-Hawkins and return extreme forms of rent control to California.
If voters approve Prop 10 and overturn Costa-Hawkins, cities will be authorized to apply rent control to single-family homes and new multifamily housing. They’ll also be able to make rent caps permanent, even after changes… Read More
Tagged: Costa-HawkinsElections